The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. Established in 2009, it aims to promote stability in financial markets and prevent future crises. The FSB brings together finance ministers, central bank governors, and international organizations to coordinate efforts in addressing vulnerabilities in the financial system. By developing policies and guidelines, the FSB helps countries implement reforms that enhance their financial stability. It focuses on issues like banking regulations, market transparency, and systemic risks, ensuring that the global economy remains resilient and secure for all participants, including consumers and businesses.